Trainee Reporter Ruowen.
After announcing the change of audit institutions, ST Eddie, the first share of jewelry facing the risk of delisting, announced on the evening of December 22 that the company found that during the internal self-examination, it was found that there were relevant personnel who illegally embezzled the company's assets and damaged the company's interests, and reported to the Shenzhen Municipal Public Security Bureau.
As of December 22**, ST Eddie has fallen for five consecutive days, and the stock price is at 098 yuan, a record low.
It has attracted the attention of the Shenzhen Stock Exchange many times
ST Eddie announced on the evening of December 22 that it will involve a total of about 5In view of the fact that 500 million yuan of accounts receivable and inventory that cannot obtain sufficient and appropriate audit evidence are suspected of being illegally embezzled and breach of trust by related persons and damaging the interests of the company, the company has recently reported to the Shenzhen Municipal Public Security Organ.
Previously, *ST Aidi's audit agency, Dahua Certified Public Accountants, was unable to conduct an audit on *ST Aidi's 24.7 billion yuan of accounts receivable and 39.9 billion yuan of inventory commodities and inventory decline provisions" obtained sufficient and appropriate audit evidence, and issued an audit report that could not express an opinion.
The reporter checked the past announcements and found that this payment has been inquired by the Shenzhen Stock Exchange many times since 2020. In the latest inquiry letter, the Shenzhen Stock Exchange asked *ST Eddie to explain the disposal of the two payments during the 2023 semi-annual report reporting period.
ST Eddie responded on October 20 that the collection of accounts was not good due to the lack of market personnel, the inability of customers to pay or the inability to contact, etc. The inventory part includes the corrected asset impairment loss of 42.12 million yuan, and the consignment inventory that has gone through the procedures for transferring inventory to receivable totals 29.56 million yuan, and some creditors subscribe for 1750,000 yuan, the remaining unprocessed inventory 1The RMB3.6 billion is to be resolved in the reorganization procedure or to be resolved by creditors through debt subscription and reorganization investors.
As the fourth quarter came to an end, *ST Aidi reported the two payments that lasted three years to the Shenzhen Public Security Bureau. The reporter tried to contact *ST Eddie to understand the relevant progress, but as of press time, no reply has been received.
Urgent change of accounting office
At the end of 2023, the "shell war" has entered the final critical moment, but *ST Eddie hurriedly "changed places" before the exam.
Three days before the report, the Shenzhen Stock Exchange issued a letter of concern to *ST Aidi regarding the proposed change of accounting firm, and *ST Aidi said that the replacement was due to "Dahua's business and personnel changes and its heavy audit business in 2023 annual report, which could not fully meet the company's needs in terms of time and personnel arrangement." ”
The Shenzhen Stock Exchange inquired about the business experience, staffing, project arrangement, and reasons for the lack of signing or reviewing audit reports of listed companies in the past three years, as well as whether it has the ability to undertake and complete the company's audit business.
According to the announcement, as of December 31, 2022, the number of partners in Zhengyi is 7, the number of certified public accountants is 10, and the number of certified public accountants who have signed the audit report of ** service business is 2.
Continued losses and risk of delisting
ST Aidi's operating income has always been on a downward trend, and the operating income in the first three quarters of this year was 19.4 billion yuan, a year-on-year decrease of 521%, net profit loss attributable to the parent company 21.2 billion yuan, a year-on-year decrease of 1487%。From 2020 to 2022, it continued to lose money, and the loss in 2020 was as high as 155.9 billion yuan, more than 700 million yuan in 2021 and 2022.
ST Eddie has disclosed in the third quarter report that its core subsidiaries Jiangsu Millennium Jewelry*** and Chengdu Shumao Diamond*** have large debts overdue, facing a large number of litigation matters, negative cash flow from operating activities and other negative factors, *ST Eddie's bank financing scale is also decreasing, and working liquidity is tight.
ST Eddie has been put on delisting risk alert since May 5 this year. As of now, the court has not ruled on its reorganization application, and if *ST Aidi is unable to complete the reorganization related work on December 31, 2023, it is very likely that the audited net assets attributable to the parent company in 2023 will still be negative, and the 2023 financial report is very likely to still be issued by the auditor as unable to express an opinion or issued a qualified opinion or negative opinion, and *ST Aidi will have the risk of terminating the listing at that time.
Editor: Captain Review: Xu Wen.